Check out the following news item:
My own reaction to this story is, Goldman-Sachs, Harris-Draper-Fisher-Jurvetson, and Canadian Banks, you guys should join gamblers anonymous. Face it, you have a serious gambling addiction.
In light of the now famous paper by Troyer et al which concludes there is no discernible SCALING advantage over classical computers for the 512 qubit D-wave chip, any cool headed, rational investor would have waited until the results come in for D-Wave’s 1000 qubit machine, promised to arrive by the end of this year, before adding another 30 million dollars to their already considerable bet. But gambling addicts are not rational. When they are already losing big, instead of walking away, they just bet their home and their children’s college fund, because they are SURE their luck is going to change in the next round.
In my opinion, dumb venture capitalist companies like Harris-Draper-Fisher-Jurvetson and greedy, unscrupulous investment bankers like Goldman-Sachs and their new partners in crime, Canadian Banks, should be investing only a fraction of their ill-gotten money in D-wave and the remaining fraction in gate model quantum computers. But instead, they are putting all their eggs, 160 million dollars worth, in one, D-Wave basket. How prudent is that for an investment strategy? And it’s not even a very popular basket. Indeed, for very good scientific reasons, the overwhelming majority of the scientific community prefers gate model QCs to D-Wave’s QC. Gate model QCs are making fast, steady progress and the scientific theory predicts that they will be able to do things that a D-Wave machine can only dream of (like Shor’s algorithm, for example, or running my QC machine learning software🙂 ).
All this talk about D-Wave gambling reminds me of the controversial prediction markets, which are praised in the book titled “The Wisdom of the Crowds“. Henning Dekant and Matthias Troyer already have a 2-part D-Wave bet going on. So let me start a little betting action here too. How about if I ask you to predict the future of D-Wave? (bookies throughout the world, take note)